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ArcBest (ARCB) Outpaces Stock Market Gains: What You Should Know
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ArcBest (ARCB - Free Report) closed at $89.29 in the latest trading session, marking a +1.99% move from the prior day. This move outpaced the S&P 500's daily gain of 0.41%.
Prior to today's trading, shares of the freight transportation and logistics company had gained 26.01% over the past month. This has outpaced the Transportation sector's loss of 5.4% and the S&P 500's loss of 4.08% in that time.
ARCB will be looking to display strength as it nears its next earnings release. In that report, analysts expect ARCB to post earnings of $2.27 per share. This would mark year-over-year growth of 86.07%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $968.87 million, up 21.87% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $6.74 per share and revenue of $3.69 billion. These totals would mark changes of +108.67% and +25.62%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for ARCB. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 7.4% higher within the past month. ARCB is currently a Zacks Rank #1 (Strong Buy).
Digging into valuation, ARCB currently has a Forward P/E ratio of 12.99. Its industry sports an average Forward P/E of 16, so we one might conclude that ARCB is trading at a discount comparatively.
It is also worth noting that ARCB currently has a PEG ratio of 0.44. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. ARCB's industry had an average PEG ratio of 1.02 as of yesterday's close.
The Transportation - Truck industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 26, which puts it in the top 11% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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ArcBest (ARCB) Outpaces Stock Market Gains: What You Should Know
ArcBest (ARCB - Free Report) closed at $89.29 in the latest trading session, marking a +1.99% move from the prior day. This move outpaced the S&P 500's daily gain of 0.41%.
Prior to today's trading, shares of the freight transportation and logistics company had gained 26.01% over the past month. This has outpaced the Transportation sector's loss of 5.4% and the S&P 500's loss of 4.08% in that time.
ARCB will be looking to display strength as it nears its next earnings release. In that report, analysts expect ARCB to post earnings of $2.27 per share. This would mark year-over-year growth of 86.07%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $968.87 million, up 21.87% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $6.74 per share and revenue of $3.69 billion. These totals would mark changes of +108.67% and +25.62%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for ARCB. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 7.4% higher within the past month. ARCB is currently a Zacks Rank #1 (Strong Buy).
Digging into valuation, ARCB currently has a Forward P/E ratio of 12.99. Its industry sports an average Forward P/E of 16, so we one might conclude that ARCB is trading at a discount comparatively.
It is also worth noting that ARCB currently has a PEG ratio of 0.44. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. ARCB's industry had an average PEG ratio of 1.02 as of yesterday's close.
The Transportation - Truck industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 26, which puts it in the top 11% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.